The majority of people, at some point in their lives, considers to and will buy a house. However, what if I tell you that you should not buy a house?
Buying a house is arguably a highly important decision in life. Due to the essence, many people prefer to buy one as soon as they have a job.
Actually, buying a house as soon as possible is still a smart investment, but, to be honest, it is not a necessity. The problem is, sometimes people buy a house because they ‘think’ they need it instead of actually requiring one.
Financial planner Eric Roberge voluntarily and jubilantly chooses to rent rather than to buy. Surprising as it is for other people considering that Roberge is a financial planner, he genuinely has a reason to do so.
Here are reasons why Eric Roberge goes for a rent instead of ownership.
To Buy a House Equals to Limiting Financial Options
In Roberge’s defense, buying a house will limit his financial options. Options vary, ranging from the options to invest and habitually set up budgets.
Accordingly, owning a house might potentially increase the emerging possibility of unexpected needs. Meanwhile, renting a house always warns you about the money you need to allocate, thus indirectly reminding you about budgeting.
House Ownership Means More Money Will be Spent
In most cases, you need to take a long-term loan to afford a house. While this is not considerably bad, but it sure is problematic. Not to mention, you have to fill your house with objects and furniture that a house needs.
In contrast, renting a house can get you a minimalist life. For instance, depending on your needs, you can simply rent a fully-furnished apartment with some space and furniture that you really need.
It All Comes Back to Decisions and Needs
Roberge does not persuade you to never buy a house. Hence, if you like it and think that it is highly necessary, go for it. However, there is always an option to never buy one.
Regarding his principles, he does not think that purchasing a house signifies a good financial decision as they are two different things. A wise financial decision is a decision to spend your money wisely, while making it grow as well. Plus, he prefers to be able to travel, spend on hobbies, and other activities rather than taking a good care of a house.